Polar Asset Management Partners Inc. Purchases Shares of 24,300 Tyson Foods, Inc. (NYSE:TSN)

Polar Asset Management Partners Inc. purchased a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 24,300 shares of the company's stock, valued at approximately $1,447,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Pzena Investment Management LLC grew its holdings in Tyson Foods by 0.4% during the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company's stock worth $747,108,000 after acquiring an additional 54,217 shares in the last quarter. Davis Selected Advisers purchased a new position in Tyson Foods in the second quarter valued at $177,439,000. Charles Schwab Investment Management Inc. raised its stake in Tyson Foods by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company's stock valued at $140,439,000 after buying an additional 39,252 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Tyson Foods by 45.5% during the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company's stock worth $72,839,000 after buying an additional 398,404 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in shares of Tyson Foods by 6.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company's stock worth $69,442,000 after acquiring an additional 73,764 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TSN. Bank of America decreased their target price on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, October 15th. BMO Capital Markets upped their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, November 13th. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Barclays boosted their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a research report on Monday, September 9th. Finally, Stephens raised their price objective on Tyson Foods from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $60.67.

Insider Activity

In related news, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the sale, the chairman now owns 3,003,374 shares of the company's stock, valued at $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93. Following the sale, the insider now owns 15,937 shares of the company's stock, valued at approximately $999,409.27. This represents a 58.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock worth $26,450,955 over the last 90 days. 2.05% of the stock is currently owned by corporate insiders.

Tyson Foods Price Performance

Shares of NYSE:TSN traded down $1.06 during trading on Friday, hitting $62.64. 1,376,110 shares of the stock were exchanged, compared to its average volume of 2,453,683. The company has a fifty day moving average price of $60.76 and a two-hundred day moving average price of $60.12. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The company has a market cap of $22.29 billion, a PE ratio of 27.84, a P/E/G ratio of 0.97 and a beta of 0.79. Tyson Foods, Inc. has a 12-month low of $49.92 and a 12-month high of $66.88.

Tyson Foods Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.